Office of the Senate President 900 Court St., N.E., Room S-201 Salem OR  97301 www.leg.state.or.us/senate/senpres

News Release

Contact:    Robin Maxey                                                                  May 12, 2011

                   (503) 986-1605   

                   robin.maxey@state.or.us                                                             

Statement By Senate President Peter Courtney

On State Revenue Forecast Released Today

“What a difference a year can make. Last May we were hit with a $526 million boulder. The bottom dropped out of our revenue and we spent the rest of 2010 weathering the storm. Today’s forecast gives us a $129 million boost. It doesn’t solve all of our problems, but it will allow us to fill some of the holes in our human services and public safety budgets.

“On Monday we mapped out a path to complete the budget and adjourn on time. This forecast gives us the last piece of critical information we need. It’s time to march up that hill and do the job the people of Oregon sent us here to do.”